Those who are laughing on the sidelines or watching from the sidelines are China, says Kallas in an interview with Bloomberg.
They are really benefiting from the fact that the USA has a trade war with Europe.
Kallas' comments come hours after the USA's President Donald Trump on Thursday threatened to impose tariffs of 200 percent on wine, champagne, and other alcoholic products from the EU.
Trump made the threat in response to the EU's plan to tax American whiskey exports, which in turn was a countermeasure against Trump's 25 percent steel and aluminum tariffs.
The European Commission's President Ursula von der Leyen emphasized on Thursday that the door is open for negotiations.
Kallas also repeats that the EU is ready to defend itself.
We keep a cool head and naturally, we are ready to act and defend our interests when we need to, she says to Bloomberg.
